​The import of Erdogan’s Bloomberg interview

TURKEY
- In Brief
15 May 2018
by Atilla Yesilada

Tuesday’s panic attack in TL assets is now a world-leading story, which deserves little description. I also agree with the view that it is largely to be blamed on Erdogan’s controversial comments regarding interest rates, CBRT and the Hakan Atilla-cum-Halkbank case in the US. I am writing this personal commentary to warn investors that bigger shocks might be underway, and to put Erdogan’s comments in a broader perspective. Erdogan not the only reason While TL asset crash coincided with broad global press coverage of Erdogan’s interview with Guy Johnson of BloombergTV, there were clearly oth...